Here are links to properties my clients have purchased https://www.biggerpockets.com/files/user/chicagobr...https://www.biggerpockets.com/files/user/chicagobr...That will give you a good idea of what to expect

I do expect my father to follow and achieve his financial goals for retirement and I will use his experience and knowledge to help myself achieve my own financial goals. 

Sometimes people are expecting it when a new owner purchases the property, and akr day know they are under market.

Sometimes you can get more calls just by lowering your price the equivalent 5-8% (depending on expected tenant longevity).

That could turn into a bigger project then you might expect so make sure the numbers work even with a variance for unexpected costs.

When you pull permits, and on your own license, the city will assume that you know what you are doing and will expect everything to be standard.

Correct ans is not what you expect.

You should make as much profit as possible.I once bought a property from a wholesaler and he made more on his wholesale than I was expecting to make turning it into a rental.  

However, inflation is expected to be well below 10% this year, so decent mortgage rates are at least on the horizon.

Between what I expected to earn that year and the support I was granted in my mediation agreement, I could not afford to rent, much less purchase, a 2-bedroom condo in Oakland, California, where I planned to move after raising my children in a suburb half an hour away.Dad to the rescue!